Two Giant Ethereum (ETH) Bull Companies Are Back in Action! Announce Massive Acquisitions!

After Bitcoin, corporate focus is shifting to Ethereum. Institutional $ETH treasury firms continue to proliferate, with the largest being Bitmine and SharpLink Gaming, which are acquiring massive amounts of Ethereum ($ETH).

According to the latest data, the largest $ETH treasury company, Bitmine, announced that it acquired 153,075 $ETH last week.

SharpLink Gaming, the second-largest $ETH treasury company, also announced the purchase of 39,008 $ETH.

Bitmine Maintains First Place!

According to the official statement, Bitmine, the world's largest $ETH treasury, said it purchased an additional 153,075 $ETH worth $668 million last week, bringing its total Ethereum holdings to 1.866 million $ETH.

According to the latest figures, the company has 1.866 million $ETH ($8.15 billion), 192 Bitcoin ($BTC) and $635 million in cash.

The total value of the assets was approximately $8.9 billion, while the average cost per Ethereum was announced as $4,458.

“Bitmine announced today $8.98 billion in crypto + cash assets. As of August 31st, the company's crypto assets consisted of 1,866,974 $ETH at $4,458 per $ETH, 192 Bitcoin ($BTC), and $635 million in unsecured cash.

BitMine ranks as the first Ethereum treasury and the second global crypto treasury after Strategy Inc. (MSTR), which holds 629,376 $BTC worth $71 billion.

BitMine remains the world's largest $ETH treasury.”

Bitmine Chairman Tom Lee reiterated his view that $ETH will become the most important investment asset in the next 10-15 years.

Sharplink Gaming Makes Massive Etheruem Purchase!

SharpLink Gaming announced in a post from its X account that it purchased 39,008 $ETH worth approximately $177 million at an average price of approximately $4,531.

With the latest acquisition, the company's total holdings have reached 837,230 $ETH, worth approximately $3.6 billion. As of June 2, the company has received 2,318 $ETH in staking rewards.

*This is not investment advice.